MainStreaming raised $6 million in investment to broadcast on-line video games and different programming within the U.S. and Europe. The corporate will use the cash to enlarge into cloud-based gaming.
Indaco Ventures led the spherical, with participation from Sony Innovation Fund and present investor United Ventures.
Primarily based in Milan, Italy, MainStreaming is a tech supplier enabling broadcasters, media, and endeavor firms to ship on-line streaming reports globally.
“The net video trade is going through expanding force from shoppers, with broadcasters and on-line gaming suppliers going through explicit demanding situations to make sure a constant, prime quality of carrier, in particular in reside environments,” stated Antonio Corrado, CEO at MainStreaming, in a observation. “With our generation particularly constructed for lately’s streaming atmosphere, MainStreaming is completely located to provide broadcasters and on-line gaming suppliers the equipment to ship the very best quality of revel in to their shoppers world wide. This newest funding will permit us to give a boost to our place available in the market and enlarge our achieve throughout two precedence areas, Europe and the USA.”
MainStreaming will use the finances to support its place in its two core markets, broadcast and on-line gaming, and permit its shoppers to satisfy the ever-growing call for for streaming and seamless gaming interactivity over the web.
The corporate’s proprietary and disruptive generation allows broadcasters to circulate reside and on-demand and compete with main suppliers, equivalent to Netflix, Amazon High Video, and Hulu. MainStreaming’s resolution is being utilized by broadcasters, together with Sky Italia, which makes use of the carrier to circulate top class reside, linear, and on-demand content material.
MainStreaming can be the use of the funding to strengthen its enlargement into cloud-based gaming by the use of its HyperNode resolution. Indaco will assist MainStreaming enlarge across the world.
“We’re fascinated about the generation and the staff at MainStreaming,” stated Alvise Bonivento, funding director of Indaco Mission Companions, in a observation. “Our objective is to give you the equipment it must compete at a world stage, main the disruption and virtual transformation of conventional markets.”
Sony’s participation thru its undertaking capital arm on this investment spherical, represents its first funding in an Italian corporate.
”We’re excited to sign up for the MainStreaming circle of relatives, and we’ve got nice self assurance within the MainStreaming staff and generation,” stated Gen Tsuchikawa, leader funding officer of Sony Innovation Fund, in a observation. “It was once the most obvious selection in an international the place shopper expectancies round video high quality and interactivity are of important significance.”
Up to now, MainStreaming has raised $10 million.